NEW YORK (TheStreet) -- Bellevue, Wash.-based online travel services provider Expedia (EXPE - Get Report) was surging 14.3% to $25.60 in premarket trading Friday after disclosing plans to spin off its TripAdvisor business into a separate, publicly traded company.


Disk drive maker Seagate Technology ( STX - Get Report) was popping 7.2% to $15.75 after reinstating its dividend and giving an encouraging revenue outlook.


NXP Semiconductors ( NXPI - Get Report) was rising 4.7% to $34.50 on reports that it is in takeover talks with Intel ( INTC - Get Report), Qualcomm ( QCOM - Get Report) and Broadcom ( BRCM).


Gaming products company Bally Technologies ( BYI) was tumbling 4.1% to $36.15 after lowering its fiscal 2011 earnings guidance to $1.82 to $1.95 from previous guidance of $2 to $2.15 a share. Wall Street was looking for earnings of $2 a share.


Securities and investment banking firm Jefferies ( JEF) was falling 2.8% to $24.03 after saying it will offer $500 million of common stock.


Google ( GOOG - Get Report) was rising 0.4% to $582.50 as reports said that the Internet search giant's acquisition of airline ticketing software company ITA Software is close to being approved by the Justice Department.


The U.S. Justice Department has asked a federal court to permit U.S. tax officials to force HSBC's ( HBC) India banking division to hand over the details of U.S. clients suspected of tax evasion. HSBC shares were up 0.4% to $54.78.


Mattress maker Tempur-Pedic ( TPX - Get Report) surprised Wall Street late Thursday with a better-than-consensus forecast for its fiscal first-quarter results and a higher profit outlook for the full year.


Toyota ( TM - Get Report) said Friday it would resume vehicle production at about 50% of normal at its plants in Japan from April 18 to April 27 after experiencing parts shortages because of the earthquake and tsunami that struck the country on March 11.


Entertainment giant Walt Disney ( DIS - Get Report) broke ground Friday on its long-awaited $3.7 billion Shanghai Disneyland theme park, a joint venture with Shanghai government-owned partners that is part of a broader Disney strategy to develop retail and media businesses in China, the Financial Times said.

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